Alliance Bank of Arizona Wins Phoenix Business Journal’s Corporate Philanthropy Award for Its Community Impact
November 01 2018 - 02:49PM
Business Wire
Award Highlights Alliance Bank’s Mission to
Drive Communities Forward
Due to its steadfast philosophy of giving back to the
communities it serves and commitment to improve the quality of life
across the state, Alliance Bank of Arizona recently won the Phoenix
Business Journal’s Corporate Philanthropy Award in the large
companies’ category for its community impact.
The award, which honors exceptional corporate commitment to the
vital work of creating positive impact for the community, was
presented on Oct. 25.
Alliance Bank is a division of Western Alliance Bank, the
largest locally-headquartered banking organization in Arizona and
one of the country’s top-performing financial institutions. The
division has 10 offices across the state and focuses on meeting the
needs of business customers by delivering customized deposit and
lending solutions alongside unparalleled local market knowledge and
outstanding customer service.
“Giving back to the communities where we live and work is an
intrinsic part of our corporate culture,” said Kenneth Vecchione,
CEO of Western Alliance Bank. “The cornerstone of our corporate
philanthropy is rooted in helping to drive communities forward
through leadership in education, substantial support of affordable
housing, and community development lending and investments.”
Today the bank has active involvement and leadership positions
in more than 90 charitable/nonprofit organizations and 30 business
organizations across Arizona. Its team is committed to a wide range
of worthwhile local organizations – from the Arizona Humane
Society, the East Valley Hispanic Chamber of Commerce and Housing
Solutions of Northern Arizona to North Country Healthcare,
Make-A-Wish Arizona, Fresh Start Women’s Foundation, Mesa United
Way and many others.
“Creating strong connections in our community is one of the most
important aspects of the work experience here,” said Vecchione.
“These connections fuel volunteer projects, investment and
reinvestment opportunities, and create boundless economic
development possibilities, while also allowing employees to build
their teamwork skills, create a sense of accomplishment, and
develop important leadership skills.”
A powerful example of Alliance Bank’s community impact is its
work with Raza Development Fund, one of the nation’s largest
Latino-focused community development financial institutions. When
Raza decided to finance affordable housing along a major light rail
line in Phoenix, Alliance Bank provided key funding.
“Alliance Bank focuses on community projects that benefit the
community,” said Tom Espinoza, Founder and CEO, Raza Development
Fund. “The bank jumped right in ... Alliance Bank is involved in
the community because they want to be, and this is a very different
approach. It’s part of their value system.”
Alliance Bank’s in-depth, long-term support for “savings to
scholarship” nonprofit AZ Earn to Learn also demonstrates its
commitment to making higher education a reality for low- to
moderate-income students. The Tucson-based organization guides
students to save $500 each year to unlock an annual match of $4,000
at one of three Arizona state universities to help them earn the
life-long asset of a college degree.
“Alliance Bank has been a major supporter even before we had our
first student,” said Kate Hoffman, Founder of AZ Earn to Learn.
“Not only did the bank help us get our organization off the ground,
they also provide important financial support – and they have done
this every year since the program launched in 2012. I can’t imagine
a better community partner.”
The bank also lends time and resources to more than 15
high-impact education nonprofits, including Arizona Earn to Learn,
College Success Arizona, Junior Achievement, Support Our Schools
AZ, Maricopa Community College Foundation, Literacy Volunteers of
Maricopa County, Arizona Women’s Education and Employment Inc., and
many more.
About Alliance Bank of Arizona
Alliance Bank of Arizona is a division of Western Alliance Bank,
Member FDIC, the go-to bank for business in growing markets.
Founded in 2003, Alliance Bank of Arizona offers a full spectrum of
loan, deposit and treasury management capabilities, plus superior
service to meet the needs of local businesses. With 10 offices in
Greater Phoenix, Tucson and Flagstaff, along with Western Alliance
Bank’s powerful array of specialized financial services, the
banking division is a valued resource for Arizona’s business, real
estate, professional, municipal and nonprofit communities. Western
Alliance Bank is the primary subsidiary of Phoenix-based Western
Alliance Bancorporation. One of the country’s top-performing
banking companies, Western Alliance ranks No. 2 on the Forbes 2018
“Best Banks in America” list. For more information, visit
AllianceBankofArizona.com.
About Western Alliance Bank
With more than $20 billion in assets, Western Alliance
Bancorporation (NYSE:WAL) is one of the country’s top-performing
banking companies and is ranked #2 on the Forbes 2018 “Best Banks
in America” list. Its primary subsidiary, Western Alliance Bank,
Member FDIC, is the go-to bank for business and succeeds with local
teams of experienced bankers who deliver superior service and a
full spectrum of customized loan, deposit and treasury management
capabilities. Business clients also benefit from a powerful array
of specialized financial services that provide strong expertise and
tailored solutions for a wide variety of industries and sectors. A
national presence with a regional footprint, Western Alliance Bank
operates individually branded, full-service banking divisions with
offices in key markets nationwide. For more information, visit
westernalliancebank.com.
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Western Alliance BankMedia Contact:Kristy Jozwiak,
602-741-5161kristy@dualitypr.com
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